Tesco raises store workers pay by 7 per cent February 20, 2023 Tesco, Britain’s biggest retailer, will raise hourly pay for about 220,000 store workers by 7 per cent from April – another increase that will likely catch the attention of the Bank of England, which is worried about inflationary pressure in the economy. The supermarket group, one of the country’s largest private sector employers, said a [...]
Explainer: A highway to subscriber-only social media February 20, 2023 If it’s good enough for Musk, it’s good enough for Mark Zuckerberg apparently.
Prepayment customers twice as likely to go into debt, new data reveals February 20, 2023 People with prepayment meters in their homes have been nearly twice as likely to dip into debt due to the cost of living crisis than others.
Pressure mounts on Sunak over planned six per cent rise in corporation tax February 20, 2023 Prime minister Rishi Sunak is facing down the prospect of a rebellion over next month’s budget as renewed pressure mounts over a planned increase in corporation tax increase. Seven top Tory backbenchers and business owners including Wetherspoons boss Tim Martin have urged Sunak and chancellor Jeremy Hunt to scrap the planned six per cent rise. [...]
Virgin Media O2 mulls £100m takeover bid for alternative network provider Trooli February 20, 2023 Virgin Media O2 is reportedly eyeing a takeover of Trooli, a Kent-based alternative broadband network provider. Virgin Media O2 is among a “substantial number” of parties exploring offers for Trooli as part of a formal bidding process, Sky News reported. Telecom industry sources told Sky News that the offer was likely to be worth over [...]
Energy providers demand government incentives to stop UK providers losing out on green projects February 20, 2023 The energy sector is ramping up pressure on the government to bolster the investment climate for green projects.
SEC targets Binance USD and sues Terraform Labs as Bitcoin NFTs soar February 20, 2023 Data from CryptoCompare shows that the price of Bitcoin surged from around $21,500 at the beginning of the week to test the $25,000 mark a number of times.
Darktrace hires EY in bid to win back credibility after short seller questions accounts February 20, 2023 Cybersecurity company Darktrace has hired EY to review its finances in a bid to win back credibility after a short seller questioned its accounts. Darktrace has recruited the Big Four auditor to carry out an independent review after New York investment fund Quintessential Capital Management cast doubt over the “validity” of the tech firm’s financial [...]
Trading places – the rise of the institutional investors in crypto derivatives trading February 20, 2023 Kok Kee Chong, Chief Executive Officer, AsiaNext examines crypto derivatives trading and how the financial world has changed.
Planet Organic calls in advisers as it views sale to fund £30m growth plans February 20, 2023 Last September, the organic grocer said that it was looking to raise £30m over the next two years to help with the roll out of over 100 stores across the UK.
